The U.S. Department of Labor has proposed a rule that would let 401(k) plans invest in cryptocurrency and other alternative assets.
The Employee Benefits Security Administration says the move aims to simplify fiduciary evaluation of non-traditional investments.
Labor Secretary Lori Chavez-DeRemer stated the rule updates retirement investing for today’s financial environment.
The proposal introduces a process-based framework for evaluating assets like performance, fees, and liquidity. It also includes safe harbor protections for plan managers.
The rule reverses previous guidance discouraging digital asset inclusion.
Treasury Secretary Scott Bessent called it a first step toward broader retirement access. SEC Chairman Paul S. Atkins supports expanding long-term investment choices.
Finalized, the rule could give millions of Americans exposure to crypto through tax-advantaged retirement accounts.